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2015 All-Asia Research Team: Thailand, No. 2: Daniel Fineman & team

< The 2015 All-Asia Research TeamDaniel Fineman & teamCredit SuisseFirst-place appearances: 6

Total appearances: 14

Team debut: 1994

Daniel Fineman and his Credit Suisse cohorts slip from No. 1 back to second place, the position they earned in 2013. Seven of the researchers, including the 52-year-old team leader, work out of Bangkok; two are based in Hong Kong; and one is stationed in each of the Kuala Lumpur and Singapore offices. Together they monitor 61 Thai companies, up from 55 a year ago. In January they dubbed Bangkok’s True Telecommunications Growth Infrastructure Fund — which invests in telecoms towers and related infrastructure for mobile communications — a bargain at 10.70 baht, crediting in part its high dividend yield. Through April, True GIF’s stock jumped 17.8 percent, to 12.60 baht, outperforming the domestic market by 15.1 percentage points. Fineman and his teammates forecast a rise to 13.60 baht. Also in January they added AP Thailand of Bangkok to their coverage universe, assigning the shares an outperform rating. The residential property developer and concrete products manufacturer boasts a strong diversified footprint in low-rise housing, they advised. Sure enough, at the end of last month, AP was trading at 7.35 baht, having advanced 16.7 percent during a period when equities in Thailand overall were flat. “They keep a careful eye on demand trends,” reports one backer.


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